JetBlue price target raised to $10 from $9 at BofA

BofA analyst Andrew Didora raised the firm’s price target on JetBlue to $10 from $9 and keeps a Neutral rating on the shares. The firm is raising its 2023 EPS estimates for its airline coverage due to lower fuel costs versus earlier in the quarter, noting that jet fuel is down 13% since early April. BofA notes that its Q2 revenue estimates remain largely unchanged and that its Q3 revenue estimates are below consensus given softness in its bookings data.